This website uses cookies to ensure you have the best experience. Learn more

British East India Company Essay

1171 words - 5 pages

British East India Company
Jeran Mikkelson
World History
Mr. Karstens
8 April 2014

British East India Company
The East India Company began as a commercial enterprise established for the British to pursue trade with the East Indies, specifically the Indian subcontinent. Queen Elizabeth of England had issued a royal charter for this company which led to the substantial power that East India Company gained in India. The company
James Lancaster’s voyage to the East Indies led to the founding of the East India Company (Halliday 106). The attraction to the Indies began in the fifteenth century during the spice trade. The first English expedition for pursuing trade in the Indies was unsuccessful due to Portuguese and Dutch control over the spice trade. James Lancaster was one of the few to return from the voyage. The expedition was unprofitable and those who returned lacked ships (Sears 44). The British and Dutch had more access to the spice trade after the defeat of the Spanish Armada in 1588. Earlier, “the Spanish and Portuguese had a monopoly of the East Indies spice trade” (Landow, “The British East India Company”). The Dutch were aggressive, driving out English traders interested in the spice market. English influence on the spice trade in the East Indies was limited to one port on the southern coast of Sumatra (Spielvogel 421).
Queen Elizabeth signed the charter of the East India Company on December 31st, 1600. Although the charter was “merely royal assent to a mercantile enterprise,” it was soon to lead to British dominance in India. The London merchants who formed the company intended to draw in the wealth of the Indies through trade, not conquest (Sears 44). 125 merchants invested around 72,000 pounds for the formation of the East India Company, a company that involved stock divided into a number of shares (Sears 52).
The East India Company’s first couple voyages were set out to Sumatra, an island part of the Spice Islands which many Europeans considered to be profitable during the spice trade. Trading stations were settled there. However, there was a demand for cotton cloth from India. The company’s third voyage was set out to the west coast of India so that they could obtain some of the cloth. The voyagers settled in the town of Surat mainly because it was not under the control of the Portuguese. The first English ship to arrive there reached the port on August 24th, 1608 (Sears 44). “India became the focal point of the company’s trade” near the end of the seventeenth century. Due to its worldwide demand, woven cotton cloth from India was being imported in large quantities to Britain. Settlements in places such as Bombay, Madras, and Calcutta became big commercial towns controlled by the East India Company. Indian artisans and merchants would move into these towns to do business and trade. India provided the foreign traders with cloth, silk, raw sugar, and dye (Marshall, “The British Presence in India”).
India was left...

Find Another Essay On British East India Company

east india company Essay

1035 words - 4 pages BIRLA INSTITUTE OF TECHNOLOGY AND SCIENCE DEPARTMENT OF MANAGEMENT BUSINESS STRUCTURE AND PROCESS Date: 11/08/2014 ID: 2014H149267P First organization that changed the world: East India Company The East India Company (EIC), originally chartered as the Governor and Company of Merchants of London trading into the East Indies, and more properly called the Honorable East India Company, was an English, and later (from 1707) British joint-stock

British east india company, history of complete with ten sources. all recorded and properly quoted

5547 words - 22 pages available due to the industrial revolution, a market was needed to accommodate citizens' extra wants to be fulfilled. An industry that offered more than just simple clothing, basic food and plain housing was in dire need. It was through this need that spurred the growth of the British journey to India."The East India Company, perhaps more than any other contemporary commercial organization, was at once a manifestation of and casual force behind

Advantages brought to India during rule from the British, were brought by the East India Company, which were run my Indian princes that were protected by the British

1318 words - 5 pages The East India Company established many things for India including telegraph, railroad, and irrigation systems. It also set up a large army called the Sepoys to defend its interests and India's borders. The Sepoys were commanded by the British officers and were supported by the units of the British army. Although the Indians benefited from the British rule many resented British rule. The East India Company made sure that British colonist

Ships of the Honourable East India Company J Murdoch The Honourable East India Company was a response to the Dutch East India Company . This paper discusses the evolution and design of their ships

2810 words - 11 pages Ships of the Honourable East India CompanyJ MurdochThe Honourable East India Company was a response to the Dutch East India Company . Many of the delicacies of life were being supplied by the Dutch and English money was leaving the country. Such an affront to mercantilism was unacceptable. The main cause of this money outflow was the fashionable desire for nutmeg. There was typically a 16 fold profit margin on this spice in the early 1600s

Did the Indian Mutany transform India under Britain - City of London Boys school - Essay

443 words - 2 pages and authority over the military. Additionally once the Indian mutiny had ended the government and law system changed to follow more British ways. For instance the governance of India act 1858 officially transferred the east India companies authority in India to queen victoria and the British government, in result of this the East India Company court system also changed into a new British system. This shows many changes, slowing developing India to

For Queen and Country

1242 words - 5 pages When most people think of the British East India Company, they think of tea, but the English trading group was so much more. The state-backed company used game-changing policies in their business with India and other countries that interacted with Great Britain. While the Company was wildly successful in many of those ventures, they were also involved in many important political events of their time. The British East India Company’s innovative

British Empire - Asia

782 words - 4 pages was in India. In 1600, the East India Company received a Royal Charter from Queen Elizabeth to begin trading into the East Indie. Shortly after the establishment of the East India Company in India, the company began interacting with multiple countries in Asia, such as Malaysia, Singapore, India, and China. However, these interactions also caused great revolt among the empire when the “1857 rebellion” started in 1857. Not only did the British

Why did the British want an Empire in India?

547 words - 2 pages at that time. By 1720, 15% of British imports were from India. The original motive of the East India company was almost certainly a desire for personal monetary profit, but there were certainly other reasons for the further expansion into India. As the Industrial revolution began in Britain the commodities from India became much more needed. Britain’s relationship with France, historically poor, was getting worse, this culminated in the Seven

What drove England to colonize India, in the 19th century ?

1513 words - 6 pages India. But their economic strategy was not the only factor that brought them to the top. The economic monopoly of India, had not been easy to obtain, military force was also involved. Certainly, as Horace Walpole, a British writer, once said, "It was easier to conquer than to know what to do with it." (Encarta 2007) referring to the East India Company. The situation in India was somehow unstable, the independence of the East India Company was more

Imperialism And India

996 words - 4 pages though for the bad. Between 1640 and 1949, India was ruled by two periods of imperialism, both of which effected India in a very profound and permanent manner.      The first period of European control was between 1740 and 1858. During this period the British East India Company controlled the Indian sub-continent under the guise of economic imperialism, when in fact the manipulation of Indian affairs was much more political

Imperialism in India

1081 words - 4 pages by two periods of imperialism, both of which effected India in a very profound and permanent manner.The first period of European control was between 1740 and 1858. During this period the British East India Company controlled the Indian sub-continent under the guise of economic imperialism, when in fact the manipulation of Indian affairs was much more political than let on. When it was founded in 1600 by Queen Elizabeth I, the East India Company's

Similar Essays

British East India Company Essay

669 words - 3 pages The British East India changed the lives of both people in Britain and people in Asia. In Britain it changed their lives by making them rich, introducing them to new products and providing them with foreign luxuries. The British East India Company bought products such as pepper and porcelain back to Britain to be used by the people. It also introduced new things like tea and cloves. The British East India Company was a trading company that

The Story Of The British East India Company

2863 words - 12 pages With many posts in Eastern India, the British were able to purchase and trade goods that would otherwise not be available, such as teas, opium, silks and porcelain. Before Governmental control, The British East India Company was able to strive economically as well as in the military. In the following pages I hope to explain how this trade company flourished between the 1600-1800 and the impact that the British government had on the abolishment

The Army Of The British East India Company

1615 words - 6 pages Chapter 4: The Army of the British East India Company The army of the British East India Company in the Bengal Presidency, prior to the Sepoy Rebellion of 1857-1858, was based heavily on native models in keeping with the limited goal of the Company in India: to make profits, but avoid upsetting the traditional order as much as possible. Robert Clive and Warren Hastings were the fathers of the Honorable Company's army in India prior to 1857

East India Company Essay

1035 words - 4 pages BIRLA INSTITUTE OF TECHNOLOGY AND SCIENCE DEPARTMENT OF MANAGEMENT BUSINESS STRUCTURE AND PROCESS Date: 11/08/2014 ID: 2014H149267P First organization that changed the world: East India Company The East India Company (EIC), originally chartered as the Governor and Company of Merchants of London trading into the East Indies, and more properly called the Honorable East India Company, was an English, and later (from 1707) British joint-stock